10SQ12 (take home) - Consider the case of rising government...

Econ. 1A.Quiz 12. Name: _________________________. ID: ______________________. Due: In the beginning of next Monday ‘s class. Inflation is a serious economic problem because it increases the cost of living, redistributes income and wealth, and diverts resources from production. There are two sources of inflation: (1) demand pull inflation; (2) cost-push inflation.

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